Waterstone Financial (NASDAQ:WSBF) Raised to Buy at BidaskClub

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BidaskClub upgraded shares of Waterstone Financial (NASDAQ:WSBF) from a hold rating to a buy rating in a report issued on Saturday, BidAskClub reports.

Shares of WSBF opened at $16.54 on Friday. Waterstone Financial has a one year low of $15.20 and a one year high of $17.29. The firm has a market capitalization of $456.92 million, a P/E ratio of 14.71 and a beta of 0.08. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 1.34. The company’s 50 day moving average price is $16.91.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.48 annualized dividend and a yield of 2.90%.

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $16.56, for a total transaction of $115,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO William F. Bruss sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $16.60, for a total transaction of $37,350.00. The disclosure for this sale can be found here. 12.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WSBF. Dimensional Fund Advisors LP grew its stake in shares of Waterstone Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,988,431 shares of the savings and loans company’s stock worth $33,326,000 after buying an additional 55,520 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of Waterstone Financial by 31.7% during the first quarter. Martingale Asset Management L P now owns 156,612 shares of the savings and loans company’s stock worth $2,579,000 after buying an additional 37,701 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Waterstone Financial during the fourth quarter worth $43,000. BlackRock Inc. grew its stake in shares of Waterstone Financial by 1.8% during the fourth quarter. BlackRock Inc. now owns 1,613,268 shares of the savings and loans company’s stock worth $27,037,000 after buying an additional 28,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Waterstone Financial by 1,439.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,587 shares of the savings and loans company’s stock worth $58,000 after buying an additional 3,354 shares during the last quarter. Institutional investors and hedge funds own 58.18% of the company’s stock.

About Waterstone Financial

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, and insurance products, as well as trust and investment management accounts.

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